SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT'/ENTITLEMENT!
you noticed, your Social Security check is now referred to as a "Federal Benefit
am forwarding it because it touched a nerve in me, and I hope it will in you
government (Congress) is now referring to our Social Security checks as a
“Federal Benefit Payment.”This
isn’t a benefit – its our earned income!Not
only did we all contribute to Social Security but our employers did
totaled 15% of our income before taxes.If
you averaged $30K per year over your working life, that's close to $180,000
invested in Social Security.
you calculate the future value of your monthly investment in social security
($375/month, including bothyour
and your employer’s contributions) at a meager 1% interest rate compounded
monthly, after 40 years ofworking
you'd have more than $1.3+ million dollars saved! This is your personal
retirement, if you took out only 3% per year, you'd receive $39,318 per year, or
$3,277 per month.That’s
almost three times more than today’s average Social Security benefit of $1,230
per month, according to theSocial
Security Administration (Google it - it’s a fact).
your retirement fund would last more than 33 years (until you're 98 if you
retire at age 65)!I
can only imagine how much better most average-income people could live in
retirement if our government hadjust
invested our money in low-risk interest-earning accounts.
the folks in Washington pulled off a bigger Ponzi scheme than Bernie Madoff ever
took our money and used it elsewhere. They “forgot” … (yea right) that this is
OUR money they were taking. Our elected representatives didn’t even have a
referendum to ask us if we wanted to lend the money to them.
they didn’t pay interest on the money they took… free money.And
recently, they’ve told us that the money won’t support us for very much
is it our fault they misused our investments?
now, to add insult to injury, they’re calling it a “benefit.” Some elected
politicians are calling us “freeloaders” who never worked to earn even one penny
because they “borrowed” the money, doesn't mean that our investments are for
elected politicians charity!
have paid for and earned our right to Social Security and
that our legislators bring some sense into our government –Find
a way to keep Social Security and Medicare going, for the sake of that 92% of
our population who need it.
call it what it is:Our
Earned Retirement Income.
politicians are screaming for privatizing social security to turned it over to
Wall Street… Guess who is behind the scenes with money flowing to those
self-serving politicians? How long do you think it will take for our social
security withholdings to line the pockets of Wall Street banks and traders with
fees and commissions… and for that matter, how long will it be before the
Federal Government (guess who…the taxpayers) has to bail them out again when theY
lose it all?
is serious… think about it, if the politicians smell the money, they want it.
people won't forward this because they believe their elected representative
wouldn’t do this to them. Ask your elected representative where they stand on
this issue; if you believe this is wrong - speak out before it is too
of people won't forward this.Please…
would you forward this to 3 of your friends? Please
keep passing it on until everyone in our country has read it.